TKO Group (NYSE:TKO) CEO Acquires $1,999,897.45 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 10,805 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the transaction, the chief executive officer owned 154,655 shares in the company, valued at $28,625,093.95. The trade was a 7.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

TKO Group Stock Down 1.4%

NYSE:TKO opened at $189.88 on Friday. The company has a market cap of $36.86 billion, a PE ratio of 70.85 and a beta of 0.57. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $193.36 and its two-hundred day moving average is $198.61.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. TKO Group’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. Analysts anticipate that TKO Group Holdings, Inc. will post 5 EPS for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s payout ratio is currently 116.42%.

Analyst Upgrades and Downgrades

Several analysts have commented on TKO shares. Pivotal Research lifted their price objective on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Sanford C. Bernstein decreased their price objective on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. UBS Group lifted their price objective on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.73.

Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its position in TKO Group by 108,668.4% during the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after acquiring an additional 1,267,073 shares during the period. Massachusetts Financial Services Co. MA raised its position in TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after acquiring an additional 1,128,749 shares during the period. State Street Corp raised its position in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares during the period. Norges Bank acquired a new position in TKO Group during the fourth quarter worth $150,602,000. Finally, Alliancebernstein L.P. raised its position in TKO Group by 551.8% during the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after acquiring an additional 419,021 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.